EDMONTON, June 12, 2018- CWB Wealth Management Ltd. (CWB WM), the manager of the CWB Mutual Funds, today announced proposed changes to certain CWB Mutual Funds to reduce duplication of mutual fund offerings that have similar investment objectives across CWB WM's product lineup. Effective on or about September 10, 2018, the following CWB Mutual Funds will merge:

Terminating CWB Mutual Fund
Continuing CWB Mutual Fund

CWB Core Fixed Income Fund

CWB Onyx Diversified Income Fund

On the effective date of the merger, unitholders of the CWB Core Fixed Income Fund will receive Series A units of the CWB Onyx Diversified Income Fund on a dollar-for-dollar and tax-deferred basis. The CWB Core Fixed Income Fund will be wound up following the merger.

The Independent Review Committee of the CWB Core Fixed Income Fund and the CWB Onyx Diversified Income Fund has approved the merger after determining that the merger would achieve a fair and reasonable result for each of the funds.

Unitholders of the CWB Core Fixed Income Fund will be sent written notice related to the merger at least 60 days prior to the effective date. Unitholders will have the right to redeem or switch their units of the CWB Core Fixed Income Fund up to the close of business on the business day immediately before the effective date of the merger. Provided the effective date of the merger is September 10, 2018, unitholders will be able to redeem their units up to the close of business on September 7, 2018.

For more information, please contact:

Loretta Carbonelli, Chief Compliance Officer

CWB Wealth Management Ltd.

Phone: (780) 392-1478

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Canadian Western Bank published this content on 12 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2018 11:07:08 UTC